News

There has been a 187% increase in the amount of money sitting in underperforming dog funds this year to £26.5bn, Bestinvest's latest "Spot the dog" list has revealed.

Global equity markets are tumbling this morning as the eurozone crisis once again takes centre stage, with Spain's debt costs leaping to a new record high and speculation returning Greece will exit the single currency.

Aberdeen Asset Management has seen assets under management fall in the second quarter of 2012, after it deliberately curbed inflows into some of its most popular emerging market equity funds.

A government-backed report on the UK's financial services industry is expected to call for an end to the requirement for companies to issue quarterly updates.

Graham French, M&G's popular global equity manager, has committed to run his Global Basics fund until at least 2020, Investment Week can reveal.

Investors have had to reassess their strategies to stand out from peers in recent months, as range-bound markets play havoc with long-held approaches.

The euro has slipped to an 11-year low against the Japanese yen as Spanish debt woes continue to weigh on the single currency.

Barclays continues to face a leadership crisis following the LIBOR scandal, with two of its most senior executives ruling themselves out of going for the top jobs at the bank over the weekend.

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.

Invesco Perpetual's Neil Woodford has said he expects profit warnings will come "thick and fast" in the near term after identifying them as a key risk to markets in the current environment.